Nvidia Stock Surged 5% on Tuesday to an All-Time High. Here's Why.

Core Insights - Nvidia's shares have increased by 49.7% year-to-date, significantly outperforming the S&P 500's 18.4% return [1] - The recent surge in Nvidia's stock price is attributed to the announcement of new products and partnerships at the GTC Washington event [2] Partnership with Nokia - Nvidia has formed a strategic partnership with Nokia, which includes a $1 billion investment aimed at developing AI-native mobile networks and AI networking infrastructure [4][5] - This partnership will enable Nokia to integrate Nvidia's AI-RAN products into its portfolio, facilitating the launch of AI-native 5G-Advanced and 6G networks [7] Market Performance - Nvidia's stock reached an all-time closing high of $201.03, with a daily increase of 5% [1][6] - The market capitalization of Nvidia is currently $465.3 billion, with a gross margin of 69.85% [7] Recent Investments - Nvidia has been actively investing in various companies, resembling an AI-focused exchange-traded fund (ETF) [9] - Notable investments include a partnership with OpenAI, involving a commitment to deploy 10 gigawatts of Nvidia systems and a potential investment of up to $100 billion [10] - Additionally, Nvidia announced a collaboration with Intel to develop custom AI chips, planning to invest $5 billion in Intel stock [11]